CAONOttawa288 Bank Street
Listing image | Image 1

288 Bank Street, Ottawa, ON

House

For Sale

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000

MLS® X13472632

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Business Opportunity
Size 1500 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 
Avg. Price Per Sqft $196
MLS® Number X13472632

Property Address: 288 Bank Street, Ottawa, ON, K2P1X1

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of Centretown at the highly visible intersection of Bank Street and Somerset Street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1, 500 sq. ft. of main floor restaurant space with seating for 30 guests, plus an additional 1, 100 sq. ft. basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime Bank Street exposure benefits from exceptional pedestrian and vehicle traffic in one of Ottawa's busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential. (id:58753)Show Description
MLS® NumberX13472632
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatForced air, Natural gas
A/CFully air conditioned

Extras

Price History

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$XXX,XXXSold Price
Top Secret
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  • Commute

Commute

Starting Address
Destination Address
288 Bank Street, Ottawa, ON

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